ECB: “We will follow a data-driven approach on interest rates”

Milan, 25 June (LaPresse) – “The Governing Council is committed to setting monetary policy in such a way as to ensure that inflation converges to the 2 per cent target over the medium term. To determine the appropriate monetary policy stance, the Governing Council will follow a data-driven approach, whereby decisions are taken on a case-by-case basis at each meeting. Decisions on interest rates will be based on an assessment of the inflation outlook and the risks associated with it, taking into account new economic and financial data, as well as the dynamics of underlying inflation and the strength of monetary policy transmission, without committing to a specific path for interest rates.” So states the ECB’s economic bulletin.